Currency & Forex Trading
Forex trading ( FX trading ) is buying and selling the foreign currencies of different countries. There is a similarity between stock trading and Forex trading. Foreign currencies can go up and down with time-dependent volatility, and they act like shares of currency institutions. Like stock prices, you can buy long and sell short another high currency. A successful Forex trader must keep up with the basics of the market to make the most of his investment.Global news and events have important influence in Forex trading. For instance, if there is a new war, forex traders may react violently to the news. A wise investor need to pay close attention to current events. In fact, the best time to trade is when the news is released, because most of the big market will move around the news.Some investors get advice from too many resources. Although it is important to be knowledgeable, you need to take a position. If you are seeking help from a broker, you should not interfere with his strategy. Some plans may have a long gestation period.Don't be overly cautious. You do not need research all the historical trends. It is important to keep your trade simple. Remember, Forex market is at its highest potential in the volatility. Do not go after the small profits all the time. You may end up undercutting yourself.If you discover that your trade may not work out, get out. Some investors make a mistake by staying, because they hope for a reversal.* Article Source: http://EzineArticles.com/?expert=Pauline_Go
Forex trading ( FX trading ) is buying and selling the foreign currencies of different countries. There is a similarity between stock trading and Forex trading. Foreign currencies can go up and down with time-dependent volatility, and they act like shares of currency institutions. Like stock prices, you can buy long and sell short another high currency. A successful Forex trader must keep up with the basics of the market to make the most of his investment.Global news and events have important influence in Forex trading. For instance, if there is a new war, forex traders may react violently to the news. A wise investor need to pay close attention to current events. In fact, the best time to trade is when the news is released, because most of the big market will move around the news.Some investors get advice from too many resources. Although it is important to be knowledgeable, you need to take a position. If you are seeking help from a broker, you should not interfere with his strategy. Some plans may have a long gestation period.Don't be overly cautious. You do not need research all the historical trends. It is important to keep your trade simple. Remember, Forex market is at its highest potential in the volatility. Do not go after the small profits all the time. You may end up undercutting yourself.If you discover that your trade may not work out, get out. Some investors make a mistake by staying, because they hope for a reversal.* Article Source: http://EzineArticles.com/?expert=Pauline_Go
1 comment:
memang benar, jangan sampai kalau kita salah dalam melakukan trading terus berusaha untuk bertahan dan berharap harga berbalik jika memang harga sedang turun atau naik secara drastis. hal ini saya alami ketika trading di octafx, saya mengalami loss namun kemudian saya usahakan untuk cut loss. resiko ini bisa kita kurangi jika kita menggunakan analisa fundamental yang kuat, sekarang saya menggunakan Kalender ekonomi fleksibel yang bisa disaring berdasarkan zona waktu, tanggal, kekuatan dampak peristiwa dari octafx untuk melihat news yang terjadi
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